The Maharashtra Real Estate Regulatory Authority (MahaRERA) took action against 21 real estate developers, who have not followed the Real Estate (Regulation & Development) Act (RERA) registration, and also did not apply a list of customers who booked their homes for further action under Section 7 and 8 of the RERA Act. The provisions of […]
MahaRERA took suo moto action against 21 developers.more
In terms of appreciation in housing costs, India ranks 47th in the world as rates grew just gradually in the quarter of July-September by just 0.6%, according to multinational property advisor Knight Frank. In the April-June 2019 quarter, India stood at 11th position with an increase in home prices of 7.7% year on year. The […]
Out of 56 countries – India ranked 47th for housing price appreciation.more
When it comes to registering real estate projects and also concerning grievances, Maharashtra can have the best place between states. Nonetheless, that is where the distinction stops. The state has no information to simplify the purchasing decision for the consumers. The action-taken-report remains missing; moreover, most of the consumers and lawyers are unhappy about the […]
Consumers and Lawyers declare their unhappiness for the complaints under MahaRERA.more
The Economic Offenses Wing of Mumbai Police On Friday, in a Metropolitan magistrate court, filed a 32,000-page charge sheet against five persons at multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam. The charge sheet has been marked by Joy Thomas, former director of the bank, Waryam Singh, former chairman, Surjit Singh Arora former director of […]
EOW filed 32,000- page charge sheet against the promoters of HDIL and others.more
On December 27, Hardeep Singh Puri, State Minister for Housing & Urban Affairs said that approximately 1.20 crore jobs have so far been generated under PMAY-Urban through forward and backward linkages to around 250 auxiliary industries including steel, brick kilns, cement, paint, hardware, sanitary etc. According to investments made within the scheme about 568 lakh […]
State minister Hardeep Singh Puri, speaks about 1.20 crore job creation under PMAY-Urban.more
Pune Metropolitan Region Development Authority (PMRDA) has revised the route of the third phase of the metro project to avoid a collision with the flyover of the University Circle. The 23-km route will link the busy IT Park Hinjewadi to Shivajinagar. In the previous plans, the Metro would converge the flyover, which prompted either to […]
PMRDA to revise the metro project route to evade flyover clash.more
Home sales in India’s financial capital, Mumbai, rose to the highest level in four years, as developers focused on building cheaper homes, according to Anarock Property Consultants. Sales in Mumbai grew by 22% in 2019 amid the continued credit crunch and economic slowdown decreased recovery in housing sales in India’s top 7 cities. The Macrotech […]
Housing Sales in Mumbai reached the highest level in the past 4 years.more
Despite slow economic growth and rental in the Central Business Districts (CBDs) of Bengaluru and Mumbai, the Indian Office Market will continue to be strong in 2020, while CBD rental growth is expected to remain steady in the National Capital Region (NCR), Knight Frank India said. The CBD of Bengaluru is expected to see more […]
The Bengaluru CBDs became Asia Pacific best performing market, expected to grow more in 2020.more
With a growing number of projects in the infrastructure market, new order inflows for the construction companies will increase in 2020, rating agency Icra said on Tuesday. Nevertheless, Icra has given a positive view for the construction sector, noting that land acquisition delays, financial issues and state government preferences pose a threat to new order […]
ICRA Report: Construction Industry to see an uptrend in new order inflows.more
The Maharashtra Government plans to bring the various agencies responsible for affordable housing schemes under a single umbrella. Sources indicate that the Government is considering bringing the Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA) and others to urban development services in order to streamline and speed up affordable housing projects. While […]
State Government to soon unite housing bodies to speed up affordable housing projects.more
